U.S. Pending Home Sales Reach 2-year High

by Coldwell Banker Evergreen Olympic Realty, Inc. on September 3, 2009

Pending home sales are at their highest level since June 2007, according to the July Pending Home Sales Index released this week by the National Association of Realtors.

The Index is 3.2% higher than the June reading, and it is 12% higher than July 2008. July was the sixth straight month with an increase in pending sales. In the eight year history of the Index, there has never been such a string of positive up ticks.

As we reported early last month, Thurston County pending sales continue to outperform 2008 levels. In July, pending sales increased 14.7% over July 2008.

For more on our local pending sales, see our August 6, 2009 posting. Later this week, we will have a report on August pending home sales.

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